Nearmap is expanding its offering and developing specific solutions, emerging as an insight/solutions provider from just a data provider.

Citi suspects this could reduce customer churn and considers it a potential catalyst ahead of the trading update at the AGM.

The Neutral/High Risk rating is retained because of risks associated with the legal case. Target is $2.30.

Sector: Software & Services.

Target price is $2.30.Current Price is $2.24. Difference: $0.06 - (brackets indicate current price is over target). If NEA meets the Citi target it will return approximately 3% (excluding dividends, fees and charges - negative figures indicate an expected loss).

© 2021 Acquisdata Pty Ltd., source FN Arena